The union of Électricité Du Liban (EDL) employees announced Saturday that they will suspend their strike starting Monday.
The strike began Thursday as workers demand an increase in wages and that their salaries be paid out in cash.
In a statement, employees said they agreed to end their strike "after the banks agreed to pay what is due to them following an intervention by the caretaker Minister of Energy Walid Fayad and the Director General of EDL Kamal Hayek."
Fayad and Hayek are also believed to have "committed to respecting what is mentioned in the national emergency plan regarding salaries."
A sit-in was also held Thursday in the branches of EDL while maintenance operations were stopped, except for those "aimed at preventing any danger to public safety."
The public infrastructure has deteriorated considerably in Lebanon, with EDL barely managing to provide a few hours of electricity per day in a country in the throes of economic collapse.
This strike by employees is not the first since the institution was hit hard by the crisis.